Engevik Saleski Group

10/13/2025

As we gather with loved ones and reflect on the year, I’m reminded that true wealth isn’t just measured in numbers—it’s found in the relationships we build, the goals we help achieve, and the peace of mind we bring to others.

This Thanksgiving, I’m especially grateful for the trust my clients place in me. Whether it’s navigating retirement, optimizing tax strategies, or building a legacy for future generations, it’s an honor to walk alongside you in your financial journey.

To my colleagues, partners, and clients—thank you for making this work so meaningful.

Wishing you a season filled with warmth, connection, and clarity.

Happy Thanksgiving!

10/04/2025

💡 Why Maximizing Your Employer Defined Contribution Plan is One of the Smartest Financial Moves You Can Make

Many Canadians leave money on the table every year by not fully taking advantage of their employer’s defined contribution (DC) pension plan. If your employer matches your contributions—even partially—that’s an instant, guaranteed return on your money.

✅ Example:
One professional I worked with earned $200,000/year. Their employer matched contributions up to 8% of salary, but they were only contributing 2%. Once we adjusted their plan and bumped contributions to the full 8%, the benefits were immediate:
• Their own contribution: $16,000/year
• Employer match: another $16,000/year — free money!
• Total added to retirement savings: $32,000/year
• Over 20 years (assuming a 6% annual return), that extra match grows to $1.17M+ of additional wealth.

That’s the power of maximizing your plan—it’s not just your money at work, but also your employer’s contributions compounding for decades.

👉 If you’re not sure how much you should be contributing—or how it fits into your broader retirement strategy—it’s worth a conversation. Small changes today can lead to life-changing results down the road. Learn more ➡️ www.engeviksaleskigroup.com

🔑 Don’t leave free money on the table.

09/28/2025

🧭 Approaching Retirement? Here’s How to Plan Smarter, Not Harder

If you’re within 5–10 years of retirement, now is the time to shift from accumulation to preservation. Financial planning in this phase isn’t just about saving more—it’s about making strategic moves to protect your future lifestyle.

Here are a few key strategies every pre-retiree should consider:

💡 1. Revisit Your Retirement Income Plan
Don’t just guess—map out your income sources (pensions, RRSPs, TFSAs, non-registered accounts) and estimate your monthly cash flow. Consider when to draw CPP/OAS and how to optimize withdrawals for tax efficiency.

🛡️ 2. Stress-Test Your Portfolio
Can your investments weather a market downturn right before retirement? Now’s the time to assess risk exposure and rebalance toward more stable, income-generating assets—without sacrificing growth.

📉 3. Minimize Taxes in Retirement
Strategic RRSP withdrawals, pension income splitting, and TFSA contributions can significantly reduce your tax bill. A well-planned decumulation strategy can make your money last longer.

🏥 4. Plan for Healthcare Costs
Don’t overlook long-term care and medical expenses. Consider insurance options and build a buffer into your retirement budget for unexpected health-related costs.

🔐 5. Update Your Estate Plan
Wills, powers of attorney, and beneficiary designations should reflect your current wishes. It’s not just about wealth transfer—it’s about peace of mind.

Retirement isn’t a finish line—it’s a new beginning. Let’s make sure you’re ready to enjoy it with confidence.

💬 What’s one financial move you’ve made recently to prepare for retirement?

08/28/2025

Why Smart Investors Think About Taxes Before They Invest

In investing, it’s not just what you make — it’s what you keep.

Tax-efficient strategies can help you grow your portfolio and minimize the drag of unnecessary taxes.

✅ Asset Location Matters – Place tax-inefficient investments (like bonds or REITs) in registered or tax-advantaged accounts, while keeping tax-efficient assets (like broad equity ETFs) in taxable accounts.
✅ Leverage Tax-Advantaged Accounts – Contribute to RRSPs, TFSAs, or other available retirement/savings plans to shelter growth.
✅ Harvest Losses Strategically – Offset capital gains with capital losses to reduce your tax bill.
✅ Hold for the Long Term – Preferential tax treatment on long-term gains can mean more money compounding for you.

The goal isn’t to avoid taxes — it’s to align your investment approach with the tax rules so you can build wealth more efficiently.

Schedule a meeting with our team to learn more www.engeviksaleskigroup.com

08/14/2025

📈 Looking for a smart way to save tax and build long-term wealth?

An Individual Pension Plan (IPP) might be the solution you’ve been searching for.

Designed for incorporated business owners and high-income earners over 40, IPPs offer:

✅ Larger retirement contributions than RRSPs
✅ Significant tax deferral opportunities
✅ Creditor protection
✅ A structured path to grow your net worth

If you’re paying yourself through a corporation and want to maximize retirement savings while reducing your tax burden, let’s talk.

Learn more ➡️ www.engeviksaleskigroup.com

07/25/2025

🔍 Term vs. Whole Life Insurance—A Clear Breakdown 📊

Making informed financial choices starts with understanding your options. Whether you’re planning for your family’s future or building a long-term wealth strategy, life insurance plays a crucial role. Here’s the difference:

✅ Term Life Insurance
Designed to provide coverage for a fixed period (10–30 years). It’s cost-effective and often used to protect against temporary needs—like paying off a mortgage or funding education.

💼 Whole Life Insurance
Lifelong coverage with built-in cash value that grows over time. Think of it as both protection and an asset that can support retirement planning or create generational wealth.

This image offers a simple side-by-side comparison to help clarify the decision. Whether you’re new to insurance or revisiting your coverage, knowledge empowers confident choices.

🧠 Let me know your thoughts—or feel free to share if someone in your network could benefit!

07/21/2025

Equities came back strong in Q2 after an earlier sell-off due to U.S. tariff announcements. Read our Q2 2025 Market Review and Commentary at https://ow.ly/LPvf30sOclS

07/14/2025

📉 Tax-Loss Harvesting: Turning Market Volatility into Opportunity

Many investors wonder: Is there any real benefit to realizing investment losses? The answer is a strategic “yes.”

Tax-loss harvesting is a powerful way to reduce tax liability and enhance after-tax returns. By intentionally selling investments that have declined in value—like in the scenario shown in the image below—you can offset taxable gains and reinvest in similar assets, keeping your portfolio on track.

🔍 In our example, the investor harvests a $3,000 capital loss in 2025 and reinvests the proceeds into another equity fund. By 2029, the new investment yields a 42.86% gain. The result? A net after-tax gain of $10,241 and an added annual return of 0.51%.

💡 This strategy isn’t just about tax savings—it’s about making smart, intentional moves that turn temporary dips into long-term advantages.

Want to learn more about how to put tax-loss harvesting to work in your portfolio? Visit us at www.engeviksaleskigroup.com. Let’s help your money work smarter.

07/11/2025

As the USMCA impacts trade dynamics, this article outlines recent tariff changes and updated growth forecasts for Canada. It also examines investor sentiment towards US assets amidst ongoing uncertainties. A worthwhile read for context.

Capital markets expert says tariffs have yet to impact growth

07/09/2025

📊 Pensions Decoded: Know the Difference to Build Your Future

At a glance, both Defined Benefit (DB) and Defined Contribution (DC) pension plans are designed to support your retirement—but how they do it makes all the difference.

🟦 Defined Benefit Plan

• Guaranteed income for life
• Employer shoulders investment risk
• Future retirement income is predictable
• Often includes inflation protection & survivor benefits

🟨 Defined Contribution Plan

• No income guarantee—you manage the funds
• You take on the investment risk
• Retirement income depends on market performance
• Inflation and survivor benefits typically not included

Understanding which plan works best for you or your team can shape your long-term financial confidence.

🔗 Want to dive deeper into pension solutions that fit your goals? Visit us at www.engeviksaleskigroup.com